Post BTC Halving Price Prediction, DXY, $IBIT, and May Forecast

22 Apr

As I've been saying, we really just need a breather after the huge runup in Bitcoin and the altcoins pre-halving and with 7 consequetive up months and Green candles.

So it's no surprise April is selling off, and the halving was a 'sell the news' event. It's good news, because all markets need to rest and re-gain their strength to push higher.

Watch the video for details, but the TLDR is I think we'll drift sideways and even down to re-test the 60k region where we can see strong buy blocks until we get into May, and then we'll start to push higher and hopefully into bull-mania.

However, IF Bitcoin can get back above 66k - 68k on a daily closing basis, effectively washing out the Red block of sellers and back above both the 21 and 50 day EMA's (Exponential Moving Averages) then I would start buying BTC.